Ekonomické zprávy
01.05.2024

U.S. private employers add 192,000 jobs in April - ADP

The employment report published by Automatic Data Processing Inc. (ADP) and Moody's Analytics showed that U.S. private employers added 192,000 jobs in April.

Economists had predicted an addition of 175,000 new jobs for April.

Meanwhile, the March figure saw an upward revision to 208,000 from the originally reported 184,000.

According to the report, the April job increase was led by leisure and hospitality (+56,000), construction (+35,000), trade, transportation and utilities (+26,000), and education and health services (+26,000). At the same time, information (-4,000) was the only sector that shed jobs last month.

The report also revealed that pay growth for job-changers decelerated last month, falling from 10.1 per cent y-o-y in March to 9.3 per cent y-o-y. Meanwhile, pay growth for job-stayers was little changed at 5.0 per cent y-o-y.

Commenting on the latest report, Nela Richardson, ADP’s chief economist, noted hiring was broad-based in April. “Only the information sector - telecommunications, media, and information technology - showed weakness, posting job losses and the smallest pace of pay gains since August 2021,” she added.

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